Core Insights - The company reported a revenue of 1.571 billion yuan in the first half of 2025, representing a year-on-year growth of 12.83% [1] - The company focuses on the research, manufacturing, and sales of stainless steel vacuum vessels, including various products such as thermos cups and smart cups, under the brands "Hars" and "Swiss SIGG" [1] - The company has been recognized by Euromonitor International as the global leader in cup and kettle sales for three consecutive years, enhancing its brand influence [1] Revenue Performance - The overseas business showed strong performance with foreign revenue increasing by 14.14%, accounting for 86.91% of total revenue [1] - The first phase of the production base in Thailand has been fully operational, with the second phase progressing steadily to support overseas order fulfillment and local supply chain strategies [1] Research and Development - The company increased its R&D expenditure by 24.09% during the reporting period, focusing on product intelligence, lightweight materials, and innovation [1] - Several new products have received industry awards, showcasing the company's commitment to innovation [1] Shareholder Returns - In the first half of 2025, the company completed the distribution of cash dividends amounting to approximately 116 million yuan, effectively returning value to investors [1] - The controlling shareholder's concerted actions included share buybacks, reflecting confidence in the company's future development [1] Future Strategy - The company aims to continue its strategy of being a "global leader in Chinese cup and kettle expertise," enhancing both OEM and proprietary brand development while strengthening global supply chain and digital operations [2]